Bitcoin Reflections: 10th March 2018

Bitcoin has had a rough week falling over 20%. This is the sort of volatility that spurs the speculative nature of the asset. With an increasing amount of investors looking at the asset, nowadays it seems that Bitcoin finds itself as headline news around the world. For the long term Bitcoin bulls this is a good thing.

In the short term however we see how political and internal shocks can have a large impact on price. Here are a couple of things that happened in the span of the first week of March that may have played a role in this latest round of fluctuations:

1. Nobuaki Kobayashi cryptocurrency liquidations

Nobuaki Kobayashi is a Tokyo based attorney and bankruptcy trustee for the now-defunct Mt. Gox exchange . He disclosed on Wednesday (7th March 2018) that he has offloaded $400m worth of Bitcoins to repay creditors and still has $1.9b

About The Author

Tam Ging Wien has been an avid equities and real estate investor for over 10 years. His passion for financial education and training stems from a desire to help others help themselves achieve financial freedom. In 2017 he published his first book entitled REITs to Riches: Everything You Need to Know About Investing Profitably in REITs.